First American Exchange is a really great company to use, with excellent resources and lots of great tips, so check out the link below. Did you know that your escrow company and your exchange company…
Source : http://firstexchange.com/January2013Newsletter There has been some question as to whether taxpayers could use a §1031 exchange to defer the new 3.8% tax on investment income. The IRS has issued proposed regulations that answer the…
Relinquished property: The property you are selling in an exchange. Replacement property: The property you are buying to replace the relinquished property in an exchange.
So you have an investment property you purchased for next-to-nothing and it’s appreciated to two- or three- times your initial investment. But back then when you were just starting out, you could barely afford the…
Interested in exchanging your vacation home for another closer to home? Well, it may not be as simple as you think. A lot of tax payers are unclear on what the IRS rules are for…